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Exchange News- From 10 million users in Q3 of 2022, Bybit jumped to 15 million users in May 2023.
- Bybit was one of the three exchanges to list Sui Network’s native token (SUI).
Bybit, one of the world’s largest cryptocurrency exchanges, doubled its user count within two quarters. From 10 million users in Q3 of 2022, the exchange jumped to 15 million users in May 2023. This 50% growth is estimated to be due to the introduction of various divergent and user-engaging products by the exchange.
Some stupendous partnerships and collaborations have also helped the exchange gain the audience’s attention. Examples are partnership expansion with Paradigm, the crypto derivative platform, and being one of the Principal Team Partners for Oracle Red Bull Racing.
The exchange inaugurated a global headquarters in Dubai in April. And Ben Zhou, CEO of the exchange, remembers it as,
“We are thrilled that our efforts have paid off, with Bybit hitting 15 million users globally just as we opened our global headquarters in Dubai. We are excited to demonstrate our commitment to innovation and growth, solidifying our position as a heavyweight player in the global crypto exchange market.”
Bybit’s Range of Products
Starting with the listing of Sui Network’s native token (SUI) for crowd sale and the introduction of various products for each type of investor. Bybit Lending attracted investors who were keen on earning a yield worth a 3-digit APR.
Bybit’s Position Builder has become a favorite for the top traders as it “allows clients to build positions easily using the full range of derivative products and trading strategies”. The exchange is also joining the Artificial Intelligence race with, the AI program: Tools Discovery.
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Source: https://thenewscrypto.com/bybit-user-number-grew-50-with-the-launch-of-diverse-products/